Ah, ONDO, the brilliant gem among decentralized coins, now basking in the glow of a new ETF filing! It’s as if a spotlight has just flipped on, illuminating our little ONDO like a rogue star bursting forth from obscurity.
In a twist that could have been ripped from the pages of a financial thriller, ONDO leapt 8% after 21Shares decided to file for a spot ONDO ETF with the oh-so-esteemed SEC, igniting a stampede of trading and a fiery 13% intraday swing. If only life could be so simple—just file an ETF and watch the coins roll in! 💰
- ONDO’s 8% surge followed the ETF news, as if the coin its own self said, “Why settle for less?”
- With the creation of the 21Shares Ondo Trust, ONDO will be safely tucked under Coinbase Custody, mirroring the complexities of the CME CF Ondo Finance-Dollar Reference Rate. Ah, the refinement! 😏
- This week alone, ONDO galloped up by 20%, and a staggering 65% over the past month! Talk about *bullish* momentum! 🐂
On that fateful day, July 22, 2025, 21Shares not only submitted an S-1 registration with the SEC but also set forth on a quest to capture heart and ledger in one sweep with the 21Shares Ondo Trust, that magical spot ETF destined to hold ONDO as if it were the Holy Grail.
The trust promises to be a benevolent keeper of ONDO tokens—fully backed, no less—held within the safe confines of Coinbase Custody. Much like the brave crusaders of yore, this fund is destined to passively mirror the token’s performance while elegantly sidestepping the pitfalls of derivatives and active trading. Who needs drama when you can peacefully track performance, right? 😌
ETF news sparks a 13% intraday explosion!
As expected, the market wasted no time responding; ONDO surged nearly 8% within a mere 24 hours, leaping from a paltry $1.02 to a glorious high of $1.16—a remarkable 13.7% swing! And if that weren’t enough, trading volume soared up by 16%, reclaiming lost ground in the harsh world of market pullbacks.
This whimsical journey isn’t merely a feat of luck; it’s a symphony of a 20% surge this week, thanks to a cocktail of ETF news blended with a newfound exuberance for real-world asset tokens. The winds of change are blowing, my friends. 🌬️
So, What Lies Ahead?
Ah, but wait—the SEC review looms ominously on the horizon, casting a shadow that may take months to dissipate. While 21Shares prepares to tackle the dragon of liquidity, market manipulation, and custody protocols, one must wonder: will the brave knights of crypto triumph or perish? 🚀
Fret not! The outlook is shining brighter than the sun. Ondo Finance is diligently building its empire, snatching up broker-dealer Oasis Pro and receiving generous backing from the venture realm. Should approval grace this ETF, it might just attract large-scale investors and institutional funds like flies to honey, flooding ONDO with liquidity like a feast for kings! 🍷
And lest we forget the technical intricacies—ONDO’s chart remains a bullish sight, steadfast above its 20-, 50-, and 100-day EMAs. Anchoring itself around $1.11, it faces resistance at $1.16, throwing caution to the wind while teasing about a potential run towards $1.25 to $1.35!
The $1.05 mark serves as the trusty first line of defense, with the $0.95 range lounging comfortably nearby like a loyal companion. And although the RSI sits at a breezy 73.4, waving the flag of overbought territory, the overall trend graciously affirms its optimistic outlook. What a marvelous time to be alive—or in the crypto world, at least!
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2025-07-23 10:03